How did PNC Financial turn a profit with its mortgage business dropping?

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The company will close its lossmaking equities trading business and cut. fine for mis-selling US mortgage backed securities. Deutsche Bank shares lost more than half their value in 2018 and it has.

PNC Financial Services Group, Inc. (stylized as PNC) is a bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 19 states and the District of Columbia with 2,459 branches and 9,051 ATMs .

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How did PNC Financial turn a profit with its mortgage business dropping? pnc financial services group Inc. Stock – PNC news, historical stock charts, analyst ratings, financials, and today’s PNC Financial Services Group Inc. stock price.

Profit was flat at $3.8 billion. Sales slumped in the last month of the quarter, noted IBM Chief Financial Officer Mark Loughridge on the company’s earnings call. While software did not suffer..

This could in turn. its production exposure, the company did not escape last year’s industry turmoil. Total gross profits fell a disappointing 24% year-over-year in the latest quarter. This was.

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